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Author: traderhub8   |   Latest post: Tue, 19 Nov 2019, 5:03 PM

 

Phillip Capital Morning Note - 18 Oct 2019

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SINGAPORE Press Holdings (SPH) will cut 5 per cent of staff from its media group, it said on Thursday, as the company posted a 23.4 per cent decline in net profit for the full year ended Aug 31.

KEPPEL Corp's third-quarter net profit fell 30 per cent to S$159 million from a restated S$227 million a year ago, led by the absence of gains from divestment of a commercial development in Beijing and higher net interest expense.

SINGAPORE regulators are poised to award four 5G telecom licences, two more than previously planned, as Minister for Communications and Information S Iswaran called for bids for the high-tech new spectrum on Thursday.

The leading American maker of electronic cigarettes, Juul Labs, announced on Thursday it is suspending sales of some flavoured vaping products in the United States, as the US government prepares a nationwide ban.

CapitaLand, Razer clinch first enterprise 5G grants by non-telcos

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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